The caps and closures market is projected to witness a significant growth attributed to growing end-use industry such as beverage and healthcare as well as the rising concerns toward product quality and safety. This market report comprises of high understanding on the propelling factors of the market along with highlights of the key players in the market and their recent major strategies.
Market Scenario:
Caps and closures market by type is segmented into plastic caps and closures, metal caps and closures and others. Based on the application, the market is segmented into alcoholic beverage industry, beverage industry, healthcare industry, food, cosmetic industry and others. Geographic segment of the caps and closures market includes North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
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The beverage segment is projected to have the largest market share and dominate the caps & closures market during the forecast period. Healthcare is the next application to play a key role in changing the caps & closures landscape and grow at the highest rate during the forecast period.
Key Players:
• Amcor Limited.
• Global Closure Systems.
• Blackhawk Molding Company Incorporated.
• Siligan Holdings.
• Crown Holdings.
• Closure Systems International.
• BERICAP holdings.
• Berry Plastics.
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Asia-Pacific offers potential growth opportunities, as developing countries such as China and India are projected to be emerging markets, making the Asia-Pacific region the fastest-growing market for caps & closures. The growth of the caps & closures market in this region is propelled by factors such as the growth of the food & beverage, healthcare, and personal care industry. Also the growing population and economic development are other factors.
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